Whom should be used to refer to the object of a verb or preposition. When in doubt, try this simple trick: If you can replace the word with “he”’ or “’she...

Shareholders can only be individuals or certain trusts and estates – not partnerships, corporations or foreign shareholders. Eligible businesses can becom...

Report the sale of your business assets on Form 8594 and Form 4797, and attach these forms to your final tax return. Form 8594 is the Asset Acquisition St...

You don’t report stocks on taxes. Only sales of assets, includes stocks, are reported. Stock sales are reported to IRS by your brokers, so if you fail to ...

How Many 1099 Forms Are There? 1099-A, Acquisition or Abandonment of Secured Property. 1099-B, Proceeds From Broker and Barter Exchange Transactions. 1099...

PAYER’S federal identification number is most likely your personal Social Security Number. It could be your Employer Identification Number, but if you are...

Typically, the IRS expects to issue nine out of 10 tax refunds within 21 days after acceptance. However, we are seeing delays from this normal timing. Mai...

Dear [Landlord’s name]: I wanted to reach out today to ask if we could discuss lowering my rent. Since I moved in [month and year your lease started], I h...

When you gift money to your children, the amount you give is classified as your ‘allowable disposable income’. They’ll also apply deeming and include the ...

Currently, all states define their small-group insurance markets as employers with up to 50 employees. Under the Affordable Care Act, beginning in 2016, t...